GK Demonstrates Strong Global Growth and Innovation in 2021 as a Leader in Omnichannel Retail

The solutions provider implemented 20,000 new retail and payment installations in 2021 and holds the top spot for new POS software installations by retailers worldwide

GK is proud to announce several milestones and accomplishments from 2021 that illustrate its position as the leading provider of innovative and flexible solutions for omnichannel retailers. The company’s customer success, product launches and strategic partnerships have led to proven results, and GK continues to help businesses like Hy-Vee power the modern retail experience with its industry-leading solutions.

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“We are thankful for the demonstrated strong growth in 2021”

Winning Customer Roster

This past year, GK partnered with leading grocers, convenience stores, QSRs and full-service restaurants, fashion and other retail segments, to provide flexible enterprise-class solutions on the industry’s most advanced platform.

Hy-Vee, an employee-owned retailer operating more than 285 stores in eight Midwestern states, completed a full deployment of the GK OmniPOS, TransAction+ Payments and GK Drive forecourt solutions in all its convenience stores. The deployment enables Hy-Vee to deliver the same futureproof and scalable services to its customers at the pump and in the store.

As well, in the second half of the 2021 fiscal year, GK won two more major SaaS customers in the U.S., amounting to approximately 10,000 new installations. These new customers underline the ongoing shift in demand towards cloud solutions.

Significant Global Success and Industry Recognition

In 2021, GK saw significant global success, including:

  • Over 20,000 new retail and payment installations
  • Approximately 1,500 new mobile POS installations
  • Implementations across 100,000 stores in more than 60 countries
  • Office openings in France and Singapore

GK holds the top spot for new POS software installations by retailers worldwide, according to RBR Global POS Software 2021. To further highlight its accomplishments, GK was included in the Gartner Hype Cycle Report as a sample vendor in two categories — contextualized real-time pricing and unified commerce platform.

As well, GK was named a Representative Vendor in the 2021 Gartner Market Guide for Retail Unified Price, Promotion and Markdown Optimization Applications. It was selected for Dynamic Pricing by GK, an AI-enabled solution that allows retailers to optimize their omnichannel pricing strategies in real time and at scale, based on the full scope of their available customer and market data.

Just recently, GK was named to Forrester’s Now Tech: Merchant Payment Providers, Q1 2022. The recognition highlights GK’s TransAction+ solution based on market presence, geographic focus and vertical expertise. TransAction+ is the leading payment processing application for North America that integrates a variety of point-of-sale systems with a wide range of payment authorization providers.

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New and Innovative Retail Technology Solutions

GK announced the new release of CLOUD4RETAIL 5.19, the enterprise-class, unified platform for every retail format, in July 2021. Based on the open cloud platform, GK offers a comprehensive portfolio of market leading solutions for omnichannel retailers, including enterprise infrastructure, customer touchpoints, merchandize management and payment.

To usher in the era of completely contactless shopping, GK also recently announced the launch of its new scanless format, GK Go, which helps shoppers check in, take items, and walk out or pay on their phone. Unique to other formats, shoppers using GK Go can see basket content, item information, prices, promotions and more at any point – not just after they leave the store.

Strategic Partnerships

GK has partnered with several companies to provide added value to retailers, including:

  • Flexa – By partnering with Flexa, the leading pure-digital payments network, merchants using GK’s TransAction+ can seamlessly accept dozens of different digital currencies in a fast and completely fraud-proof way.
  • IBM – GK’s collaboration with IBM will help retailers innovate and adapt quickly to the digital era by offering consumers an enhanced and connected omnichannel experience.
  • AWS – Recently, GK announced that its CLOUD4RETAIL OmniPOS 5.19 and T+ Enterprise and Central EJ, Returns and Loyalty solutions are now available on Amazon Web Services, Inc. (AWS), running on cloud native services that include Amazon Elastic Kuberntes Service (Amazon EKS) and Amazon Relational Database Service (Amazon RDS).

“We are thankful for the demonstrated strong growth in 2021,” said Michael Jaszczyk, chief executive officer at GK Americas. “Not only did we implement the most POS software installations for the third year in a row, but we also launched exciting capabilities like scanless shopping to help retailers keep up in this competitive landscape. We will continue to innovate in new and exciting areas in 2022, further expanding GK’s capabilities as the leading provider of omnichannel solutions.”

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